401 Corbett Street

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401 Corbett Street

Clearwater, FL 33756
Asking Price
$5.00M
Asset Type
Traditional Office Office
Class
Class B

What's Special

±46,464 SF Medical Office Building | Value-Add Opportunity In The Heart Of Clearwater <p><strong>STABLE CASH FLOW & VALUE ADD POTENTIAL </strong></p><ul><li>​The property has a diverse tenant mix and staggered lease terms, limiting rollover risk</li><li>​10 of the 14 tenants have no options remaining, giving an investor near-term control of the rent roll and full flexibility to negotiate renewals, reset expense base years, and remix the tenancy at rollover</li><li>​7 vacant units allows an investor to immediately increase cash flow at the property by leasing up spaces, increasing

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NOI
$80,000
Cap Rate
1.60%
DSCR
0.27
Underwater
Cash-on-Cash
-14.46%
Monthly Payment
$24,737.272
Annual Cash Flow
$-216,847.263

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